Armada Hoffler Properties (NYSE:AHH) Reaches New 52-Week Low – Here’s What Happened

Armada Hoffler Properties, Inc. (NYSE:AHH)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $9.84 and last traded at $9.88, with a volume of 98994 shares traded. The stock had previously closed at $9.95.

Analyst Ratings Changes

A number of analysts have issued reports on AHH shares. StockNews.com cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus upped their price objective on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a report on Tuesday, November 5th.

Armada Hoffler Properties Stock Performance

The company has a market cap of $994.34 million, a price-to-earnings ratio of -46.71 and a beta of 1.03. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17. The firm has a fifty day simple moving average of $10.72 and a 200 day simple moving average of $11.21.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). The firm had revenue of $68.60 million for the quarter, compared to analyst estimates of $65.01 million. Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. On average, sell-side analysts expect that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th were given a $0.205 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.82 annualized dividend and a dividend yield of 8.36%. Armada Hoffler Properties’s dividend payout ratio is -390.48%.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman purchased 4,500 shares of the stock in a transaction on Wednesday, December 11th. The shares were purchased at an average price of $10.85 per share, with a total value of $48,825.00. Following the acquisition, the director now directly owns 31,649 shares of the company’s stock, valued at $343,391.65. This represents a 16.58 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 11.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Armada Hoffler Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sterneck Capital Management LLC boosted its stake in shares of Armada Hoffler Properties by 15.9% in the 4th quarter. Sterneck Capital Management LLC now owns 91,310 shares of the real estate investment trust’s stock valued at $934,000 after purchasing an additional 12,550 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Armada Hoffler Properties by 18.6% in the third quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust’s stock valued at $6,737,000 after buying an additional 97,642 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Armada Hoffler Properties by 8.9% in the third quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock worth $20,989,000 after acquiring an additional 158,625 shares during the last quarter. Geode Capital Management LLC raised its position in Armada Hoffler Properties by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock worth $19,127,000 after purchasing an additional 56,777 shares during the last quarter. Finally, Barclays PLC raised its position in Armada Hoffler Properties by 73.9% in the 3rd quarter. Barclays PLC now owns 215,192 shares of the real estate investment trust’s stock worth $2,329,000 after purchasing an additional 91,461 shares during the last quarter. Institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc (the “Company”) is a vertically integrated, self-managed real estate investment trust (“REIT”) with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.